This paper provides a theoretical analysis of civil society activism and development. In a one period static model, the Government of a backward region attempts to acquire land for a development project in exchange for compensation. Citizen-activists observe a noisy signal about the size of...

This paper studies the effects of home ownership on job search outcomes. In contrast to previous literature focusing mainly on the impact of home ownership on unemployment rate and duration, this paper looks at the relationship between home ownership and post-unemployment wages. Using the Survey...

We examine the impact of financial leverage, measured by the loan-to-value (LTV) ratios, on elderly homeowners’ mobility and housing tenure choices. Using a 1999-2019 sample from the Panel Study of Income Dynamics (PSID), we find that a higher LTV ratio substantially increases an elderly...

This paper investigates how a Development Authority misused its power to pave way for powerful land mafia to illegally occupy large tracts of land in the Capital city and convert it to housing societies that have no legal value. It turned Islamabad, the capital of Pakistan, once celebrated as a...

We analyze the impact of the introduction of a Loan-to-Value (LTV) limit in The Netherlands on the probability for first time buyers to become homeowner using a duration model. Our research design is underpinned by a theoretical model that shows that a lower LTV limit results in suspending or...

Sugar production is often associated with higher levels of economic inequality, particularly when taking place under colonial extractive institutions. Colonial Java is an illuminating case where the reverse was true. This paper presents detailed district-level data to suggest that, due to the...

Over the past four decades, Zimbabwe redistributed vast quantities of arable land to the landless, women and poor communal farmers to reduce inequality. Yet poverty and gender disparity in land ownership have continued to be discernible. It is against this background that this article explores...

Higher land-use intensity can be achieved by subdividing the land or by subdividing the structure built on it. The former avoids co-ownership but is subject to topographical constraints, whereas the latter (e.g. apartment units) uses each unit of land more efficiently but entails management of...

Analysis by Evans & Razeed (2019) showed that to achieve a reasonable standard of living in retirement, in addition to the Pillar 2 compulsory system (SGL), Australians would need to contribute during their working life to private savings, but the contribution would be significantly reduced if...

Government’s timid reform will not solve chronic housing affordability problemsNot enough is being done to reduce the extraordinarily high cost of housing in Britain. This is the finding of a new report released today by the Institute of Economic Affairs Abundance of land, shortage of...

We examine the impact of legislated land ceiling size on capital investment and industrialisation in the Indian states. India’s land ceiling legislations of 1960s and 1970s imposed a ceiling on maximum land holdings and redistributed above-ceiling lands. These ceiling legislations, effectively...

One of the principal types of wealth accumulation in the United States has been real property, especially in the form of homes as the society became more urban and less agricultural. At present, almost two-thirds of all American households reside in owner-occupied structures. The present paper...

Since the transition to agricultural production, property rights to land have been a key institution for economic development. Clearly defined land rights provide economic agents with increased access to credit, secure returns on investment, free up resources used to defend one's land rights,...

This note proposes a convenient graphical representation of the wealth distribution and illustrates it with data from the Eurosystem Household Finance and Consumption Survey (HFCS). We also present more evidence on the role of homeownership for wealth inequality in euro area countries.

Real estate is taxed at comparatively low rates in Germany, with primarily the affluent benefiting from numerous existing tax privileges. This Weekly Report describes the current state of real estate taxation in Germany and outlines reform proposals that could increase tax revenue, improve the...

We examine the impact of legislated land ceiling size on capital investment and industrialisation in the Indian states. India's land ceiling legislations of 1960s and 1970s imposed a ceiling on maximum land holdings and redistributed above-ceiling lands. These ceiling legislations, effectively...

The historical evolution of racial differences in income in the 20th century United States has been examined intensively by economists, but the evolution of racial differences in wealth has been examined far less. This paper uses IPUMS data to study trends in racial differences in home ownership...

Many scholars have evaluated the wealth creation effects of homeownership over different periods and have agreed on the positive role of homeownership. However, there are contradictory mechanisms regarding the impact of homeownership on wealth inequality. Based on panel data from 1995 to 2018,...

Land and capital serve not only as factors of production but as assets which households use as stores of value. Standard trade models typically recognize only the first role. In its role as an asset land reduces the amount of national savings available for capital investment. Foreign investment...

We investigate the sources, scope, and implications of landowner market power. We show how zoning regulations generate spillovers through increased markups and derive conditions under which restricting landownership concentration reduces rents. Using newbuilding-level data from New York City, we...

In Kenya, land grabbing can be examined by looking at three critical eons through which land governance has evolved. There is the first epoch that was characterised by colonial acquisition of land to establish colonial rule and provide land for incoming settlers among other reasons. Secondly,...

With rapid population increase and persistent climate stressors, access to arable land, and gender-based prejudice is a major worry. This paper investigates the joint influence of land access and gender on food insecurity using Nigerian data. Employing a logit model, findings show that while...

Real Estate Exchange as to widen the scope of market, facilitate easy trading to avoid wide fluctuations in the market. The exchange would also enable price discovery through efficient allocation and distribution of resources. Real Estate exchange is the need of the hour. It would widen the...

We estimate the intergenerational correlation in homeownership status between two generations for cohorts covering the 20th century. First, we find higher intergenerational correlation in France compared to previous results obtained for the U.K. for similar cohorts. Second, the intergenerational...

The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules of redistribution is explained without any recourse to the risk-aversion of individuals. Hence, we depart from the standard legitimization of redistribution as fundamental...

This paper develops a model that shows why high-skilled workers move more and are therefore unemployed less than low-skilled workers. The model can explain the paradoxical empirical regularity that higher owner-occupation rates are associated with higher levels of unemployment although...

We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labour market. In addition, there is a clear...

The aim of this paper is to explain the impact of the establishment of the system of landownership on the income distribution and economic growth of settler economies (Argentina, Australia, New Zealand and Uruguay) during the First Globalization. We consider a conceptual framework based on the...

New Zealand and Uruguay enjoyed a virtuous incursion into the world economy during the first globalisation era (1870–1914) as settler economies producing food and raw materials. This allowed both countries to attain high economic growth rates and high levels of income per capita, and to...

Do housing price fluctuations play an important role in the economic security of retirees, or is housing wealth just a sideshow to the determination of consumption and saving? Using panel data on saving from the Panel Study of Income Dynamics, and aggregate time- series data, I find that shifts...

In a number of papers A.J. Oswald (1996, 1997) argues that high rates of home ownership may imply inferior labour market outcomes. This paper tests the Oswald hypothesis in a panel of 42 Belgian districts since the 1970s. The use of data going back to 1970 allows us to embed the Oswald...

We provide new evidence from the 1980, 1990, and 2000 Decennial Census of Housing that the expenditure share on housing is constant over time and across U.S. metropolitan areas (MSA). Consistent with this observation, we consider a basic model in which identical households with Cobb-Douglas...

Private real estate markets have experienced signi ficant in inflows of institutional capital over the last couple of decades. In this paper we seek to understand what are the implications of this recent development. Employing a generalized Hamiltonian Monte Carlo Bayesian procedure we find...

Some studies on child labor have shown that greater land wealth leads to higher child labor, thereby casting doubt on the hypothesis that child labor is caused by poverty. This paper argues that the missing ingredient is an explicit modeling of the labor market. We develop a simple model which...

Subsidizing homeownership makes cities decentralize, so Muth (1967) suggested over half a century ago, and so Voith (1999) and Glaeser (2011) have argued more recently. This paper provides a first quasi-experimental test of "Muth's hypothesis". We analyze a homeownership subsidy's effects on...